Dive Brief:
- Detroit's plan for exiting bankruptcy includes some increased spending, including $500 million on speeding up demolition of blighted buildings.
- The city plans to go from knocking down about 100 structures a week to bringing down 400 or as many as 450 every seven days.
- The plan, which means increased business for demolition companies, calls for finishing demolition program by 2020 with a budget of about $500 million.
Dive Insight:
Homlich Inc. is one of the companies working on contracts for Detroit demolitions. There is enough of it that Homlich, based in Carleton, has opened a Detroit office. The work for companies comes from multiple sources, including the city's housing commission and a privately funded nonprofit organization called the Detroit Blight Authority that pays for the demolition of derelict houses.